More than 40 percent of Indian workers have two or more sources of income, the highest percentage among the 18 surveyed countries, a report by global payroll firm ADP Research Institute has said.
An affluent lifestyle is a primary motivator , with 37 percent of the respondents saving for “significant purchases” and 35 percent hoping to improve their lifestyle through this additional income from another employment job.
The “People at Work 2024: A Global Workforce View” report, however, did not say what percentage of workers constituted gig workers and full-time employees since it surveyed both.
The report identified gig workers as those who work on a contingent, temporary, or seasonal basis, or as a freelancer, independent contractor, consultant or use an online platform to source work.
Traditional employees have been identified as those not working in the gig economy, having a permanent full or part-time position.
ADP Research Institute surveyed 34,612 workers in 18 countries around the world between October 22 and November 24, 2023, with at least 500 per market specifically in the gig economy.
The report also found a substantial rise in salary satisfaction among Indian workers surveyed. Nearly three of four (73 percent) respondents are content with their salary, a significant leap from the 49 percent in 2023.
Salary continues to be the most important factor for Indian workers (55 percent) in a job. Indian respondents' job satisfaction rate remains the highest among the 18 countries surveyed at 81 percent.
Satisfaction rates vary slightly by gender, with female respondents expressing higher contentment (84 percent) than male respondents at 78 percent.
The education sector leads the pack with the highest satisfaction rate of 88 percent, the report said.
ADP's flagship report helps employers adapt approach to recruitment, reward and retention, and apply the findings to drive business transformation.
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